MLP lifts total revenue 12% to €863 million in first nine months
Key Facts
MLP Group lifted total revenue 12% to a record €863 million in the first nine months of 2026, compared with €773 million in the same period of 2025, according to a company statement issued on November 12. Earnings before interest and taxes (EBIT) rose 43% to €87.1 million, from €61.1 million a year earlier. The group said revenue growth came alongside higher profitability during the period and maintained its full-year EBIT forecast of €110 million to €120 million. The forecast puts the nine-month results in the context of the fiscal-year target, after the company raised its range in early October. Revenue details show differing trends across the group’s businesses, with wealth management the biggest growth driver while life and health revenue remained at its previous level.
Revenue was €835.7 million of the total €863 million reported, while other revenue contributed €27.3 million, according to MLP’s statement. The figures reflect the distinction between operating revenue and the group’s reported total, which includes other revenue. In wealth management, revenue rose 16% to €431 million in the first nine months, from €372 million in the same period of 2025. The company said the increase was linked to higher wealth-management revenue, particularly performance-based compensation, as well as continued growth in assets under management. It added that interest-related business revenue also contributed to the segment’s growth, the strongest among the group’s businesses.
In property and casualty, revenue increased 11% to €197 million, compared with €177 million in the first nine months of last year. The group attributed the advance to growth in non-life insurance business with corporate and individual clients. Revenue in life and health was €199 million, unchanged from the same period of 2025. The comparison shows that revenue growth was uneven across the businesses, with wealth management and property and casualty advancing while life and health remained stable. On costs, MLP said strict cost management supported the improvement in EBIT alongside business growth.
At the business level, assets under management totaled €70.1 billion on September 30, 2026, up from €65.9 billion on December 31, 2025. This was accompanied by an increase in non-life insurance premiums to €870 million on September 30, from €809 million at the end of 2025. These indicators provide context for the growth in wealth management and insurance that the company reported for the period. MLP also posted third-quarter EBIT of €26.7 million, compared with €18.3 million in the third quarter of 2025, and said it was the highest result it had recorded for that quarter. The quarter’s results therefore combined improved operating profit with growth indicators in assets under management and insurance premiums.
In quarterly figures, third-quarter revenue rose to €271.9 million from €237.2 million a year earlier, while net profit increased to €16.7 million from €15.7 million. For the first nine months, net profit was €58.8 million, compared with €44.6 million in the same period of 2025. Basic and diluted earnings per share rose to €0.54 from €0.41. These figures complete the picture of earnings growth reflected in the increase in EBIT, with net profit and earnings per share also improving year on year. The quarterly comparison remains separate from the nine-month results announced by the company in the same statement.
MLP reaffirmed its 2026 fiscal-year EBIT range of €110 million to €120 million, which it raised on October 2 from its previous forecast of €100 million to €110 million in its first-half results announcement. The company said it reaffirmed its annual target with the release of its nine-month results. For the longer term, it stood by its 2028 plan, which targets EBIT of €140 million to €155 million and total revenue of €1.3 billion to €1.4 billion by the end of that year. Chief Financial Officer Reinhard Loose said artificial intelligence “is already delivering tangible benefits in many areas” of the group. Chief Executive Officer Uwe Schroeder-Wildberg added that the next phase of focus would include continuing to grow assets and systematically expanding corporate client business, alongside accelerating the digitalization and artificial intelligence strategy.